tag:blogger.com,1999:blog-8817171247555815363.post893500464670641159..comments2024-03-26T05:57:44.937+00:00Comments on True Economics: Daily Economics 07/04/09: Lenihan's McHammer LandTrueEconomicshttp://www.blogger.com/profile/07350536454228478974noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8817171247555815363.post-16793211169986197332009-04-07T11:56:00.000+01:002009-04-07T11:56:00.000+01:00Useful thanks Constantin. By the way I thought yo...Useful thanks Constantin. <BR/><BR/>By the way I thought your response to another contributor on property tax issue was thorough and potentially workable if implemented by you. <BR/><BR/>What I mean is that if I had the confidence that it would be managed in exactly this way by competent professionals I may be persuaded. Sadly we have to get real about this. I can guarantee you that the FF property tax will be implemented by the usual gang of inefficient dull witted incompetents and the system will be designed to go for the simple cleanest option i.e. €1 per sq foot or three bands depending on where you live (and if you dont work you dont pay which makes it another tax on work). In other words in will take no account of whether you have a big mortgage, pay mgt fees etc. That's my view anyway. <BR/><BR/>And I agree with [Fintan?] that like in the 80s and 90s this will be political dynamite and many will be slow to pay (even some who could afford to). <BR/><BR/>Another option less emotional is to consider other household related charges for say water, estate and other infrastructure maintenance AT least it will you will think you are getting something back and you are not paying stamp duty twice. What about a tax on rent to ensure people dont opt to rent instead of homeownership. <BR/><BR/>Whatever happens the government need to spell it out soon otherwise the property sector will remain in the doldrums (potential buyers will continue to sit on the fence and await the outcome etc.) and now that we own the banks we all have a shared interest in the health of the property sector. <BR/><BR/>M.W.Anonymousnoreply@blogger.com